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Started By
Message
re: Bitcoin is dropping like a rock. Down to 99,200
Posted on 11/6/25 at 8:33 am to JayDeerTay84
Posted on 11/6/25 at 8:33 am to JayDeerTay84
quote:
You own some but can't articulate the price movement?
Correct. It’s a fomo trade and nothing more.
Can you articulate the price movement rationale?
What has changed from when it hit its high?
1
Posted on 11/6/25 at 8:35 am to SlidellCajun
quote:
Can you articulate the price movement rationale?
It goes up when more people buy
It goes down when more people sell
Posted on 11/6/25 at 8:40 am to UltimaParadox
quote:
So BTC is money again... It sure is hard to keep up.
I have friends currently working on a multi-billion dollar BTC project right now that is being unleashed publicly in the next 100 days that will create the new currency reserve utilizing bitcoin. Right now the smart money knows what is going on which is why the price of bitcoin is going to go down a bit further to allow institutions to buy it up at lower prices before this skyrockets. I would highly recommend buying it on this dip TBH.
Posted on 11/6/25 at 8:43 am to HailToTheChiz
quote:
It goes up when more people buy It goes down when more people sell
Seems that way.
Would love to know what is rationale for people to either buy or sell.
For me, admittedly, it’s a total crap shoot. I got in and out at various levels. Current holding is at $85,000 level and coin base at $335. I have no way of knowing if any of it is over / under or fairly valued.
This post was edited on 11/6/25 at 8:44 am
Posted on 11/6/25 at 9:29 am to beaverfever
lol. Classic esoteric BTC Revolutionist response
Posted on 11/6/25 at 9:42 am to MrLSU
quote:
have friends currently working on a multi-billion dollar BTC project right now that is being unleashed publicly in the next 100 days that will create the new currency reserve utilizing bitcoin
“The” new currency reserve? Can you elaborate on that?
Assuming you’re talking about the United States,
Ie- what will bitcoin replace that is the current currency reserve?
Posted on 11/6/25 at 9:57 am to The Fed
Every once in a while I see threads like this that reminds me were STILL early.
Posted on 11/6/25 at 10:08 am to castorinho
quote:
Every once in a while I see threads like this that reminds me were STILL early.
I am assuming this is a joke
Posted on 11/6/25 at 10:22 am to UltimaParadox
You would have to be pretty dense not to know that fiat currency systems all over the world are on their last legs. Keep your head in the sand if you would like to, won't change a thing if you do or don't 
Posted on 11/6/25 at 10:34 am to MrLSU
quote:
I have friends currently working on a multi-billion dollar BTC project right now that is being unleashed publicly in the next 100 days that will create the new currency reserve utilizing bitcoin. Right now the smart money knows what is going on which is why the price of bitcoin is going to go down a bit further to allow institutions to buy it up at lower prices before this skyrockets. I would highly recommend buying it on this dip TBH.
Your friends commit any other felonies for you?
Posted on 11/6/25 at 11:03 am to UltimaParadox
quote:
I am assuming this is a joke
You havent been right about anything ever but act like you know it all
Posted on 11/6/25 at 11:25 am to Hitman67
quote:
You would have to be pretty dense not to know that fiat currency systems all over the world are on their last legs. Keep your head in the sand if you would like to, won't change a thing if you do or don't
So BTC will be the world reserve currency.
This is why it will never go to zero, plenty of true believers out there. Only issue is once the tether printing stops the lights will go out.
Retail has little interest in being bagholders again
Posted on 11/6/25 at 12:03 pm to mule74
quote:
It’s a volatile asset, but I think you would be a fool not to have one percent of your portfolio in it.
I had a little bit over 1%, but it's now currently about right at that.
Posted on 11/6/25 at 1:47 pm to CastleBravo
quote:
The USD is being devalued by money printing, but that is something different than a ponzi scheme.
Different in a sense, but a ponzi scheme is fraud where earlier investors are paid with money taken from newer investors and the prospects for realizing a return on investment drop with each wave. Fedgov debt has some distinct similarities to that.
Posted on 11/6/25 at 2:13 pm to UltimaParadox
quote:
I never said it will go to zero. It will die a slow death and go into obscurity like all of these things
How many years do you give it before this happens
Posted on 11/6/25 at 2:33 pm to SlidellCajun
quote:
So what was the impetus for the price run up and what’s changed?
Price increase: institutional adoption through ETFs, bitcoin treasuries, and sovereign wealth funds
Price chop/decrease: people that got in on bitcoin early and held for a decade or more offloading significant amounts of coins for billion dollars.
Posted on 11/6/25 at 3:42 pm to UltimaParadox
quote:This is hilarious. Are you under the impression that the US treasury market is liquid?
There is nowhere near 3T dollars worth of liquidity for people to cash out. I would venture less than 5% of that.
There are no circuit breakers or fed intervention with bitcoin. You get the real price every day.
Posted on 11/6/25 at 3:51 pm to The Fed
Market shows just how big of a pussy your average investor is. And thing is that they always lose out with the panic trading. They always turn out worse than if they just didn’t sell. Teaches them a lesson that being a pussy has negative consequences.
Posted on 11/6/25 at 5:24 pm to RicardoGrande69
quote:I've made a lot of money incrementally buying BITX during pullbacks and incrementally selling on recoveries. My trading strategy especially takes advantage of Bitcoin panic buying and panic selling that creates high amplitude price swings.
...... they always lose out with the panic trading.
Posted on 11/6/25 at 5:33 pm to 98eagle
So you buy SOME BITX.
How long does you hold BITX before you sell?
How long does you hold BITX before you sell?
quote:
I've made a lot of money incrementally buying BITX during pullbacks and incrementally selling on recoveries. My trading strategy especially takes advantage of Bitcoin panic buying and panic selling that creates high amplitude price swings
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